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Nintendo Co. reported a surprise quarterly profit decline, hurt by a dearth of major new game releases and rising Switch 2 component costs. Operating profit fell 16% to ¥73.9 billion ($468 million) on a 15% decline in sales. Analysts forecast profit to remain unchanged, but the company stuck to its full-year outlook for 3% profit growth.
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Summary by ByteBrief
Jio Platforms Q2 Profit Rises 14%